form13g021408.htm
UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
SCHEDULE
13G
(Amendment No.
__*)
Under the Securities Exchange Act of 1934
Heartland Financial USA, Inc.
(Name of
Issuer)
(Title of
Class of Securities)
(CUSIP
Number)
(Date of Event
Which Requires Filing of this Statement)
Check the appropriate box to designate the
rule pursuant to which this Schedule is filed:
*The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover
page.
The information required in the remainder of
this cover page shall not be deemed to be ‘filed’ for the purpose of Section 18
of the Securities Exchange Act of 1934 (‘Act’) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
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1
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NAME OF REPORTING PERSON
I.R.S. Identification Nos. of above
persons (entities only)
Dubuque Bank and
Trust Company
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (See Instructions)
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Commercial bank
organized under the laws of the State of Iowa
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
45,602 shares
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6
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SHARED VOTING POWER
170,982
shares
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7
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SOLE DISPOSITIVE POWER
45,602 shares
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8
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SHARED DISPOSITIVE POWER
170,982
shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
216,584 shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW 9
1.32%
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12
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TYPE OF REPORTING PERSON
(See Instructions)
BK
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STATEMENT CONTAINING INFORMATION
REQUIRED BY SCHEDULE 13G
Item 1.
(a)
Name of Issuer
Heartland Financial USA, Inc.
(b) Address
of Issuer’s Principal Executive Offices
1398 Central Avenue
Dubuque, Iowa 52001
Item 2.
(a)
Name of Person Filing
Dubuque Bank and Trust Company
(b)
Address of Principal Business Office or,
if none, Residence
1398 Central Avenue
Dubuque, Iowa
52001
(c)
Citizenship
A commercial bank organized under the
laws of the State of Iowa
(d)
Title of Class of
Securities
Common Stock
(e)
CUSIP Number
42234Q102
Item 3. If
this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c),
check whether the person filing is a:
(a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C.
78o);
(b) x Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C.
78c);
(d) o Investment company registered under Section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8);
(e) o An investment adviser in accordance with
§ 240.13d-1(b)(1)(ii)(E);
(f) o An employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
(g) o A parent holding
company or control person in accordance with
§240.13d-1(b)(1)(ii)(G);
(h) o A
savings associations as defined in Section 3(b) of the Federal
Deposit
Insurance Act (12 U.S.C. 1813);
(i) o A
church plan that is excluded from the definition of an investment company under
Section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);
(j) o Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Item 4.
Ownership
(a) Amount Beneficially Owned
The amount of securities reported as beneficially
owned consists of 216,584 shares of the Issuer’s common stock for which the
Reporting Person serves as sole or co-fiduciary with respect to trust
and other accounts. With respect to such shares, the Reporting Person has
sole voting and investment power with respect to 45,602 shares and
shared voting and investment power over 170,982 shares.
The amount reported as beneficially owned
does not include 1,835,524 shares held in trust or other fiduciary accounts over
which the Reporting Person has no voting or investment power. The 216,584
shares over which the Reporting Person has sole or shared voting
for investment power, and the 2,052,108 total shares held by the Reporting
Person (which such figure consists of the 216,584 shares with sole or
shared voting and investment power and the 1,835,524 with no voting or
investment power) represent 1.32% and 12.49%, respectively, of the issued
and outstanding shares of the Issuer. The Reporting Person disclaims
beneficial ownership of all 2,052,108 shares and the report shall not be
construed as an admission of beneficial ownership for the purposes of Section 13
or any other purpose.
(b) Percent of Class
1.32%
(c) Number of shares as to which the person
has:
(i) sole power to
vote or to direct the vote
45,602
(ii) shared
power to vote or to direct the vote
170,982
(iii) sole
power to dispose or to direct the disposition of
45,602
(iv) shared
power to dispose or to direct the disposition of
170,982
Item 5.
Ownership of Five Percent or Less of a Class
If this statement is being filed to report
the fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than 5 percent of the class of securities, check the
following:
x
Item 6.
Ownership of More than Five Percent on Behalf of Another
Person
N/A
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company
N/A
Item 8.
Identification and Classification of Members of the Group
N/A
Item 9. Notice
of Dissolution of Group
N/A
Item
10.
Certification
By signing below, I
certify that, to the best of my knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement
is true, complete and correct.
February 14,
2008
Date
Dubuque Bank and Trust
Company
By: /s/ Paul J.
Peckosh
Paul J. Peckosh
Executive Vice President, Trust